Illustrative projections of per capita income gaps between two groups of developing economies and the rich economies for the period 1998-2030 are made on the basis of an extended sources of growth equation which accounts for interactions between trends in capital and labor productivity. The...

This paper employs (1) a three-sector structuralist model of development with informal and formal activities and (2) a global one-sector model with demand determined outputs and bargained distribution to investigate whether India’s growth performance can be sustained, where the country might...